Sunday, July 30, 2017

Maintaining Strong Tradable Sector Connections

By tradable sector connections, I'm referring to the need for individuals and groups which take part in knowledge use systems, to support as many tradable sector activities as possible.

Plus: An important aspect of discretionary income for these participants, is ownership in the building and infrastructure components which are integral to equilibrium corporate structure. Not only does this ownership supplement the base commodity (time arbitrage) wage, it is flexible and need not be specific to a single (tradable or non tradable) sector application. Options include shares in company manufacture (also for markets beyond knowledge use communities), and the ways in which components and infrastructure are locally applied.

While time arbitrage does not compete on the open market in general equilibrium settings, the building components of equilibrium corporate activity, would function as a part of any markets which permit the necessary regulatory adjustments for their use. These products don't pose a direct threat to other markets, because their function and purpose is quite different from dense and heavy building materials which are designed solely for specific settings. Knowledge use systems would also align with traditional forms of tradable sector activity, to provide as many lifestyle and traditional employment options for its residents as possible.

Why are tradable sector links so important? Even though time arbitrage creates a platform for mutually sought skills and challenges, this form of wealth generation is nonetheless limited by the finite nature of the time at our disposal. There are good reasons, why economic thought has emphasized tradable sector activity over services. Even though personal services have always been important, were it not for the spread of tradable sector activity, the path to opportunity for so many, would have been exceedingly difficult. Tradable sector wealth led to centuries of gains in living standards, and generated positive global connections. When local communities did not have sufficient room even for the inclusion of their own, the spreading wealth of tradable sector activity, often meant the possibilities of new horizons for these individuals.

Tradable sectors would benefit, from the use of knowledge as an interdependent role. Time value as new wealth, allows for the dispersal of knowledge in ways which are no longer dependent on availability of tradable sector revenue, in order to take place. Importantly, this would allow both employment and output to develop via more natural means, without the crowding out effects that often occur between tradable and non tradable sector activity. Presently, no one really knows the level of output that is possible, because of the ways these dynamics play out in general equilibrium conditions.

To sum up: while our time links to other individuals provide discretionary choice for services generation, our tradable sector links provide discretionary choice for the resource capacity which has so contributed to the progress of recent centuries. No one can afford to confuse goods coordination, with the coordination of time based services. These forms of resource capacity, are different in every way imaginable.

Governments in particular have stumbled, by trying to mix the dynamics of non random time with random resource capacity, in centralized settings. Governments lose entirely too much fiscal policy potential from tradable sector revenue, given their extensive requirements for non tradable sector participation. It is vital to understand how the output of time and place might be encouraged locally, so as to prevent unnecessary output losses in tradable sector activity at global levels.